You are here: Home » International » News » Others
Business Standard

Canada's unemployment rate hits new high amid second virus wave

The unemployment rate in Canada rose by 0.6 percentage point to 9.4 per cent in January

Canada | unemployment | Economic recovery

IANS  |  Ottawa 

Representational image of unemployment

Amid the raging second wave of the Covid-19 pandemic, the rate in rose by 0.6 percentage point to 9.4 per cent in January, the highest rate since August 2020, according to the national statistical office.

On Friday, Statistics said that employment decreased by 213,000, or 1.2 per cent, in January as lockdowns and restrictions caused the closure of many businesses across the country, reports Xinhua news agency.

The decrease marked a second straight month that the labour market contracted after 63,000 positions disappeared in December 2020 to break a streak of monthly gains that began in May 2020.

It was heavy in the services sector and part-time work fuelling the largest monthly decline since last April when some 2 million jobs were lost.

Compared with February 2020, employment was down 858,000, or 4.5 per cent, in January and Covid-related absences from work were up 529,000.

Among Canadians who worked at least half their usual hours, the number working from home increased by nearly 700,000 to 5.4 million in January, surpassing the previous high of 5.1 million last April.

January's employment figures show the "continuing challenge of balancing economic activity with the need to protect public health", and how restrictions hit specific sectors and groups of workers harder than others, the national statistical office added.




(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, February 06 2021. 13:57 IST